HomeMy WebLinkAbout2005-224 I
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projects budget based on projected future payment of capacity charges at a rate of one-fifth of the total
reimbursable amount per year (after dedication of the utility to the COUNTY) for a period of five years .
The first one-fifth payment shall be made at the time of the utility dedication to the COUNTY.
Subsequent payments shall be made on the yearly anniversary of the utility dedication. If the amount of
projected capacity charges is not realized, the reimbursement to DEVELOPER shall be reduced
proportionately. Compensation shall be in the form of a check from the COUNTY-the total of all
payments shall not exceed the amount of $244.395 . 70 (see Exhibit B).
The COUNTY's obligation to make reimbursement to DEVELOPER shall expire five (5) years from the
date of this Agreement.
B . 12 inch and 8 inch Water Main along 43`d Avenue from 170' Street SW to 25th Street SW
The DEVELOPER shall furnish and install:
12 inch water main along 43 `d Avenue from 170i Street SW to 2151 Street SW
8 inch water main along 43`d Avenue from 21St Street SW to 25 h Street SW
Reimbursement: The COUNTY shall reimburse the DEVELOPER based on an itemized invoice of the
installed material on a complete basis after the above-referenced facilities are dedicated to and accepted
by the COUNTY. The funds to reimburse the DEVELOPER shall derive from other properties (Tripson
Trail Development) based on a 50/50 cost share (attached Exhibit C). Other property owners / developers
outlined in this section shall pay their share at the time of Land Development Permit issuance. The
COUNTY ' s obligation to make reimbursement to DEVELOPER shall expire five (5) years from the date
of this Agreement.
Reimbursement shall be in the form of check from the COUNTY, and shall not exceed the amount of
$ 150 .722.50 (see attached Exhibit C),
C. 12" Diameter Force Main along 170i Street SW from 27th Avenue SW to 35 'h Avenue SW
The DEVELOPER shall furnish and install :
12" Diameter Force Main along 176 Street SW from 270' Avenue SW to 35"
Avenue SW
Reimbursement: The COUNTY shall reimburse the DEVELOPER pursuant to the provisions of Section
201 . 11 , The Code of Indian River County, for funds advanced by DEVELOPER to construct facilities in
accordance with the COUNTY ' S Master Plan, less the cost of the DEVELOPER' S front footage line
extension fees as set forth below. The funds to reimburse the DEVELOPER shall derive from the capital
projects budget based on projected future payment of capacity charges at a rate of one-fifth of the total
reimbursable amount per year (after dedication of the utility to the COUNTY) for a period of five years.
The first one-fifth payment shall be made at the time of the utility dedication to the COUNTY.
Subsequent payments shall be made on the yearly anniversary of the utility dedication. If the amount of
projected capacity charges is not realized, the reimbursement to DEVELOPER shall be reduced
proportionately. Compensation shall be in the form of a check from the COUNTY-the total of all
payments shall not exceed the amount of $241 .875 .00 (see Exhibit D).
D . 6" force main along 35 `h Avenue SW from 17th Street SW to Madera Islespropertv line
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The DEVELOPER shall furnish and install:
6" force main along 35'h Avenue SW from 176' Street SW to Madera Isles
property line
Reimbursement: The COUNTY shall reimburse the DEVELOPER based on an itemized invoice of the
installed material on a complete basis after the above-referenced facilities are dedicated to and accepted
by the COUNTY. The funds to reimburse the DEVELOPER shall derive from other properties (Tripson
Trail Development) based on a pro-rata cost share (attached Exhibit E). Tripson Trail Development shall
pay their share at the time of Land Development Permit issuance. The COUNTY' s obligation to make
reimbursement to DEVELOPER shall expire five (5) years from the date of this Agreement .
Reimbursement shall be in the form of check from the COUNTY, and shall not exceed the amount of
$49,968 . 75 (See attached Exhibit E).
2. Amendment:
This Agreement may be modified only by a written instrument executed by all parties to the Agreement.
3 , Assignability :
Either party may assign this Agreement. However, the rights granted herein shall run with the land and
are not the personal property of the DEVELOPER. Therefore, while the DEVELOPER has the right
under this Agreement to freely transfer the rights and obligations granted by this Agreement, the assignee
shall not have the right to transfer these rights to another property unless this Agreement is amended in
writing by the assignee and the COUNTY.
4 . Authority:
Each party hereto represents and warrants to the other that the execution of this Agreement and any other
documents required or necessary to be executed pursuant to the provisions hereof are valid, binding
obligations and are enforceable in accordance with their terms .
5 . Bidding and Award :
The DEVELOPER shall use the County ' s public competitive bid process for all off-site utilities to be
constructed under this Agreement, and Developer further agrees fully and timely to cooperate with the
COUNTY in the public competitive bidding of the construction of off-site utilities described in this
Agreement. The DEVELOPER shall timely provide the Indian River County Purchasing Division with
sufficient information, including, without limitation, the nature of the project, where the plans may be
purchased, the purchase price of the plans in an amount not to exceed One Hundred Dollars ($ 100. 00), the
proposed date of bid opening, and all other necessary and required competitive bid details to ensure
sufficient public notice of the construction of off-site utilities described in this Agreement to enable the
COUNTY to post a notice on DemandStar. The DEVELOPER agrees that the Indian River County
Purchasing Division shall conduct the public competitive bid process for the construction of off-site
utilities described in this Agreement to obtain bona fide bids from licensed and qualified utility
contractors, and such bids to be publicly opened and read aloud. The DEVELOPER shall cause the
DEVELOPER' s consulting engineer to review the bids received by the Indian River County Purchasing
Division, and to make a written recommendation to the County ' s Department of Utility Services for
award of the bid to a licensed and qualified utility contractor. The term "qualified" shall be as determined
by the County. The COUNTY's reimbursement of construction costs to the DEVELOPER shall be
conditioned upon the approval of all project costs by the County ' s Department of Utility Services, Bid
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proposals and engineering costs related to the work described herein shall be subject to prior approval by
County' s Department of Utility Services. The DEVELOPER shall not commence work unless the
County' s Department of Utility Services provides written approval of the final construction cost and the
final project cost. The COUNTY may require redesign and/or re-bid if, in the COUNTY' s sole
discretion, project costs significantly exceed those contained in Exhibit B .
6. Captions:
Captions, if included, in this Agreement are included for convenience only and are not to be considered in
any construction or interpretation of this Agreement or any of its provisions.
7. Construction Plans, Technical Specifications and Contract Documents :
The DEVELOPER agrees to complete a final set of construction drawings and make submission for a
Utilities Construction Permit to the Indian River County Utilities Department and Florida Department of
Environmental Protection (FDEP) . The DEVELOPER shall not commence construction until all permits
are approved and obtained .
8 . Definition :
All pronouns shall be deemed to refer to the masculine, feminine, or neuter, singular or plural, as the
identity of the party or parties may require .
9 . DEVELOPER' s Obligations :
The DEVELOPER shall prepare at its own expense, plans, specifications, Agreement, advertisement,
general conditions, hereinafter referred to as the "contract documents", for the lines and facilities
necessary to deliver the water and wastewater utilities from the COUNTY' S facilities . All plans and
specifications shall be subject to the COUNTY ' s approval prior to the DEVELOPER' s application. The
DEVELOPER shall be responsible for all costs associated with the design, permitting and construction of
the offsite facilities (which includes but is not limited to transmission lines, valves, fittings, hydrants,
meters, and associated appurtenances) whether designed, permitted or constructed by the DEVELOPER
or the COUNTY.
The design, permitting, construction, operation and maintenance of all on-site water and wastewater
utilities which is on or solely dedicated to the DEVELOPER' s property (including but not limited to
water meter, transmission lines, pumps, valves, storage facilities, etc .) shall be the DEVELOPER' s
responsibility and expense. Construction of on-site water and wastewater utilities shall be subject to
COUNTY review and approval.
The DEVELOPER shall be deemed in possession of the potable water on the DEVELOPER' s side of the
water meter, however the DEVELOPER shall not be deemed to own the water, and the transfer or sale of
water by the DEVELOPER is prohibited .
The DEVELOPER may not transfer or sell water or wastewater capacity to any party for use off-site of
the property.
10 . Easements :
The DEVELOPER shall convey to the COUNTY a utility easement for the water and wastewater utilities
for the COUNTY to install, maintain, operate and monitor the water and wastewater utilities, within the
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private right-of-way including, but not limited to, water lines, services, laterals, manholes, meters, lift
station, sewer, remote monitoring and related utility structures .
After the COUNTY ' S final inspection of the off-site water and wastewater facilities for conformance with
the approved plans and specifications, the DEVELOPER shall convey all the off-site facilities together
with an interest in land, as may be required by the COUNTY, to the COUNTY. The conveyance shall
include any of the following documents as may be required by the COUNTY, in a form acceptable to the
COUNTY:
A) Bill of Sale
B) Grants of Easements
C) Maintenance Bond
D) Record Drawings (hard copy and electronic format — AutoCAD rel. 14 . 0 or higher)
11 . Entire Agreement:
This Agreement embodies the entire agreement between the parties relative to the subject matter hereof,
and there is no oral or written agreements between the parties, nor any representations made by either
party relative to the subject matter hereof, which are not expressly set forth herein .
12 . Governing Law & Jurisdiction:
This Agreement shall be governed by the laws of the State of Florida and the laws of the United States
pertaining to transactions in such state, and all actions arising out of this Agreement shall be brought in
Indian River County, Florida, or, in the event of federal jurisdiction, the United States District Court for
the Southern District of Florida. All of the parties to this Agreement have participated freely in the
negotiation and preparation hereof. Accordingly, this Agreement shall not be more strictly construed
against any one of the parties hereto.
13 . Insurance and Indemnification :
The DEVELOPER shall ensure that, at least ten ( 10) days prior to the commencement of any work, the
selected contractor and any subcontractor provides to the COUNTY a certificate of commercial general
liability insurance with a reputable insurance company subject to approval by the COUNTY ' s risk
manager in an amount not less than $3 ,000, 000 combined single limit for bodily injury and property
damage in accordance with the COUNTY' s Administrative Policy Manual. The DEVELOPER shall
ensure that, at least ten ( 10) days prior to the commencement of any work the selected contractor and any
subcontractor provides to the COUNTY a certificate of business auto liability insurance with a reputable
insurance company subject to approval by the COUNTY' s risk manager in an amount not less than
$3 , 000,000 per occurrence combined single limit for bodily injury and property damage in accordance
with the COUNTY' s Administrative Policy Manual. The commercial general liability and auto liability
insurance policies shall name Indian River County, a political subdivision of the State of Florida, as an
additional insured. In addition, the DEVELOPER shall ensure that, at least ten ( 10) days prior to the
commencement of any work the selected contractor and any subcontractor provides to the COUNTY a
certificate of worker's compensation insurance with a limit of $ 100,000 for each accident, $500 , 000
disease (policy limit) and $ 100, 000 disease (each employee) in accordance with the COUNTY ' s
Administrative Policy Manual , The DEVELOPER shall provide to the COUNTY at least thirty (30)
days ' written notice by registered mail, return receipt requested, addressed to the COUNTY' s risk
manager, prior to cancellation or modification of any required insurance .
The DEVELOPER hereby releases and holds harmless the COUNTY, and the COUNTY ' s officers,
employees and agents, from and against any and all claims for damages, costs, third party claims,
5
judgments, and expense to persons or property that may arise out of, or be occasioned by, any work
contemplated by this agreement, or from any act or omission of any representative, agent, client, and/or
employee of DEVELOPER, and DEVELOPER shall indemnify the COUNTY against any such claims
and any judgments that may be entered in connection therewith, including attorney fees . DEVELOPER
shall indemnify the COUNTY against any claim for damage that any utility, whether publicly or privately
owned, may sustain or receive in connection with any work contemplated by this agreement.
DEVELOPER shall not make any claim of any kind or character whatsoever against the COUNTY for
damages that it may suffer by reason of the installation, construction, reconstruction, operation, and/or
maintenance of any public improvement, or utility, whether presently in place or which may in the future
be constructed or installed, including but not limited to, any water and/or sanitary sewer mains and/or
storm sewer facilities, and whether such damage is due to flooding, infiltration, backflow, and/or seepage
caused from the failure of any installation, natural causes, or from any other cause of whatsoever kind or
nature. It is the intention of this indemnification agreement on the part of DEVELOPER, and a condition
of this agreement, that it shall be full and total indemnity against any kind or character of claim
whatsoever that may be asserted against the COUNTY. DEVELOPER hereby agrees to defend any and
all suits, claims, and causes of action brought against the COUNTY arising out of or in connection with
any work contemplated by this agreement, and DEVELOPER agrees to pay any judgment or judgments,
including attorney fees, that may be rendered against the COUNTY or against the COUNTY ' s officers,
employees or agents in connection therewith .
14. Maintenance Bond:
The DEVELOPER agrees to convey all right, title, and interest in the aforementioned utility
improvements to INDIAN RIVER COUNTY and provide a Maintenance Bond, subject to the
COUNTY's approval, issued by a reputable surety company authorized to do business in the State of
Florida, for a period of one year after the COUNTY's acceptance of the improvements. The value of the
Maintenance Bond shall be 25 percent of the total construction value of the utility improvements. At the
COUNTY's sole discretion, the COUNTY may accept a Letter of Credit, drawn on a reputable financial
institution located within 200 miles of Vero Beach, Florida, in lieu of a surety bond .
15 . Multiple Counterparts:
This Agreement may be executed in a number of identical counterparts which, taken together, shall
constitute collectively one ( 1 ) Agreement; but in making proof of this Agreement, it shall not be
necessary to produce or account for more than one such counterpart executed by the party to be charged.
16. Permits:
The DEVELOPER shall be responsible for obtaining all construction and operating permits required for
the construction, delivery, use and monitoring of the water distributed to and wastewater collected from
the subject property. If, through no fault of the parties involved, any federal, state or local government or
agency (excluding the COUNTY) fails to issue necessary permits, or fails to grant necessary approvals, or
requires a material change in the system, then to the extent necessary and if possible, the parties agree to
negotiate an amendment to the Agreement to reflect the change in condition. If the COUNTY determines
that it is impossible or impracticable to perform under the terms of this Agreement because of the above,
then this Agreement shall terminate and the parties shall have no further obligations to each other.
The DEVELOPER shall comply with reasonable request by the COUNTY concerning on-site operations
and maintenance including but not limited to all FDEP regulations relating to bacteriological and
hydrostatic testing, cross connection control, monitoring, color-coding of water and wastewater
equipment.
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17. Recording of Agreement:
This Agreement may be recorded in the official records of Indian River County by the COUNTY. If
recorded, the obligations defined in this Agreement shall run with the land and shall bind subsequent
owners of the property for the term of this Agreement. The DEVELOPER shall pay for all recording
cost.
18. Severability. / Invalid Provision:
If any provision of the Agreement is held to be illegal, invalid or unenforceable under present or future
laws, such provision shall be fully severable; this Agreement shall be construed and enforced as if such
illegal, invalid or unenforceable provision had never comprised a part of this Agreement, and the
remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by
such illegal, invalid, or unenforceable provision or by its severance from this Agreement.
19 . Term:
The term of this Agreement is five (5) years . Unless otherwise agreed to by the parties in writing, this
Agreement shall not be renewed automatically for successive terms . Notwithstanding the foregoing, this
Agreement shall be coterminous with FDEP Permit for construction and with the County' s Utility
Construction Permit, whichever provides a shorter time period, but shall be not more than five (5) years
from the date of issuance . The County may terminate this Agreement early in its sole discretion if it
determines that the development project intended to be served by the improvements is suspended or
discontinued.
20 . Time of Essence :
Time is of the essence of this Agreement; however, if the final date of any period which is set out in any
provision of this Agreement falls on a Saturday, Sunday or legal holiday under the laws of the State of
Florida, then, in such event, the time of such period shall be extended to the next day which is not a
Saturday, Sunday or legal holiday.
IN WITNESS WHEREOF, the COUNTY and the DEVELOPER have accepted, made, and executed this
Agreement as follows:
BOARD OF COUNTY COMMSIONERS VERO ENTERPRISES, LLC
INDIAN RIVER COUNTY, FLORIDA By - C. H. Consulting, Inc.
Managing Member
Approved by Chris Heine , President
BCC June 21 _ 2005
ATTEST:
Jeffrey IK E3arton , Clerk of Circuit Witnessed by:
Court -'
By
a �
Deputy Cie (Printed name
4
) Peter Radke
pprov
Jo Baird, County Administrator
App ved as to Form and Legal
l icie
ar' e , AsVist ty
Attorney
STATE OF FLO A
COUNTY OFCtSZ
The foregoing was acknowledged before me this day of June, 2005, by Chris Heine,
President of C. H . Consulting, Inc. , a Florida corporation , Managing Member of VERO ENTERPRISES ,
LLC , a Florida limited liability com any, on behalf of same. He is personally known to me or produced the
following of identification :
otary blic
Stamped seal with Commission CHERYL Y. PERRY
Number and Expiration Date: MY COMMISSION # DD 117749
EXPIRES : May 15, 2006
1 -B043NOTARY FL Na
ary Service & Bonding, Inc.
g
EXHIBIT-A
LEGAL DESCRIPTION AND PLAT
MADERA ISLES
TRACT 13 , SECTION 349 TOWNSHIP 33 SOUTH, RANGE 39 EAST, INDIAN RIVER
FARMS COMPANY SUBDIVISION, ACCORDING TO THE PLAT THEREOF RECORDED
IN PLAT BOOK 2 , PAGE 25, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA,
SAID LAND NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA, LESS
AND EXCEPT THE WEST 100 FEET THEREOF AND LESS THAT PART LYING WITHIN
THE RIGHT-OF-WAY OF 25TH STREET,
SAID PARCEL CONTAINING 34. 77 ACRES, MORE OR LESS ,
TRACT 14, SECTION 345 TOWNSHIP 33 SOUTH, RANGE 39 EAST, INDIAN RIVER
FARMS COMPANY SUBDIVISION, ACCORDING TO THE PLAT THEREOF RECORDED
IN PLAT BOOK 2 , PAGE 25, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA,
SAID LAND NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA, LESS
AND EXCEPT THAT PART LYING WITHIN THE RIGHT-OF-WAY OF 25TH STREET,
SAID PARCEL CONTAINING 37 . 55 ACRES, MORE OR LESS .
9
EXAIBIT-A
LEGAL DESCRIPTION AND PLAT
ECHO LAKE
THE WEST 20 ACRES OF TRACT 3 , SECTION 34 , TOWNSHIP 33 SOUTH, RANGE 39
EAST, INDIAN RIVER FARMS COMPANY SUBDIVISION, ACCORDING TO THE PLAT
THEREOF RECORDED IN PLAT BOOK 2, PAGE 25, PUBLIC RECORDS OF ST. LUCIE
COUNTY, FLORIDA, SAID LAND NOW LYING AND BEING IN INDIAN RIVER
COUNTY, FLORIDA, LESS AND EXCEPT THAT PART LYING WITHIN THE RIGHTS-
OF-WAY OF 21ST STREET SW AND INDIAN RIVER FARMS WATER CONTROL
DISTRICT'S B -9 CANAL,
SAID PARCEL CONTAINING 19 . 55 ACRES, MORE OR LESS .
TRACT 4, SECTION 34, TOWNSHIP 33 SOUTH, RANGE 39 EAST, INDIAN RIVER
FARMS COMPANY SUBDIVISION, ACCORDING TO THE PLAT THEREOF RECORDED
IN PLAT BOOK 2, PAGE 25, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA,
SAID LAND NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA, LESS
AND EXCEPT THE WEST 100 FEET THEREOF AND LESS THAT PART LYING WITHIN
THE RIGHTS-OF-WAY OF 17TH STREET SW AND INDIAN RIVER FARMS WATER
CONTROL DISTRICT'S B -9 CANAL,
SAID PARCEL CONTAINING 36 . 83 ACRES, MORE OR LESS .
TRACT 59 SECTION 349 TOWNSHIP 33 SOUTH, RANGE 39 EAST, INDIAN RIVER
FARMS COMPANY SUBDIVISION, ACCORDING TO THE PLAT THEREOF RECORDED
IN PLAT BOOK 2 , PAGE 25, PUBLIC RECORDS OF ST, LUCIE COUNTY, FLORIDA,
SAID LAND NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA, LESS
AND EXCEPT THE WEST 100 FEET THEREOF AND LESS THAT PART LYING WITHIN
THE RIGHTS-OF-WAY OF 21 ST STREET SW AND INDIAN RIVER FARMS WATER
CONTROL DISTRICT'S B - 10 CANAL.
SAID PARCEL CONTAINING 36. 79 ACRES, MORE OR LESS ,
THE WEST 20 ACRES OF TRACT 6, SECTION 34, TOWNSHIP 33 SOUTH, RANGE 39
EAST, INDIAN RIVER FARMS COMPANY SUBDIVISION, ACCORDING TO THE PLAT
THEREOF RECORDED IN PLAT BOOK 2, PAGE 25, PUBLIC RECORDS OF ST. LUCIE
COUNTY, FLORIDA, SAID LAND NOW LYING AND BEING IN INDIAN RIVER
COUNTY, FLORIDA, LESS AND EXCEPT THAT PART LYING WITHIN THE RIGHTS-
OF-WAY OF 21 ST STREET SW AND INDIAN RIVER FARMS WATER CONTROL
DISTRICT'S B- 10 CANAL,
SAID PARCEL CONTAINING 19.55 ACRES, MORE OR LESS .
10
EXMMB
ESTIMATED COST OF RVIPROVEWNTS
Water Main in 43 `d Avenue from 13th Street SW to 25th Street SW
Item Description Estimated Unit of Measure Unit Price
Total Pric
Quantie
I 12" Water Main (43 ` ) 2650 FT $47. 00
2 12" Water Main ( 17 ) 1890 $ 124,550 . 00
FT $47 . 00 $ 88 , 830. 00
Subtotal $213 , 380. 00
Contingency 10% $ 21 ,338 . 00
Surye 2% $ 4,267.60
Desi 5 % $ 10,669.00
Permittin 1 % + Fees $ 1 ,067.00
Bidding & Award 2% $ 4,267. 60
Construction Services 3 % $ 640140
Administration 2% or 4,267. 60
Total Improvement Cost $265,658 .20
Less Fronta a Cost ( 7 P7th Street S $219262 .50
Maximum Count
Share $2443395 . 70
11
EXH WITI C
ESTIMATED COST OF PIPROVEMENTS
Water Main along 43 `d Avenue from 17th Street SW to 25th Street SW
Item Description Estimated Unit of Measure Unit Price
Total Price
uanti
1 12" Water Main 4638 FT $47.00 $217,986 . 00
2 8" Water Main 662 FT $35 .00 $ 23070 . 00
Subtotal $241 , 156 . 00
Contin enc 10% $ 24, 115 .60
Survey 2 % $ 4, 823 . 12
Desi 5 % $ 12, 057. 80
Permitting 1 % t Fees $ 25411 .56
Biddin & Award 2% $ 49823 . 12
Construction Services 3 % $ 7,234 . 68
Administration 2% $ 49823 . 12
Total Improvement Cost $301 ,445 .00
[;;7nTripson
(Madera & Echo) $ 150, 722 . 50
Share
Trail Share $ 150,722 . 50
12
EXHMIT — D
ESTIMATED COST W E%IPROVEMENTS
Force Main along 17`h Street SW from 27"' Avenue to 35th Avenue SW
Item Description Estimated Unit of Measure Unit Price
Total Price
Quanti
1 12" Force Main 3300 FT $ 45 . 00 $ 148, 500 . 00
27'x' Avenue
2 Direction Bore Under 150 LF $300 . 00 $ 453000 . 00
Subtotal $ 193 , 500. 00
Contin enc 10% $ 19,350 . 00
Surve 2% $ 35870.00
Desi 5 % $ 99675 .00
Permittin 1 % + Fees $ 15935 . 00
Bidding & Award 2% $ 3, 870 .00
Construction Services 3 % $ 59805 . 00
Administration 2% $ 3 ,870. 00
Total Improvement Cost $2412875 .00
13
EXHIBIT — E
ESTIMATED COST OF ARROVEMENTS
Force Main along 35th Avenue SW from 17th Street SW to Madiera Isles Property Line
Item Description Estimated Unit of Measure Unit Price
Total Price
Quanti
1 6" Force Main 3900 FT $25 .00
$97, 500 . 00
Subtotal $979500.00
Contingency 10 % $ 91750. 00
Survey 2% $ 1 , 950 . 00
Desi 5% $ 4, 875 . 00
Permitting 1 % + Fees $ 975 . 00
Biddin & Award 2% $ 19950. 00
Construction Services 3 % $ 21925 . 00
Administration 2% $ 1 ,950 . 00
Total improvement Cost $ 121 , 875 . 00
Tri son Trail Share $49,968 . 75
Vero Enterprises Share $ 71 ,906.25
* Pro-rate shares above are based on acreage of projects :
Echo Lakes and Madera Isles (Vero Enterprises) 200 acres of 340 total W 59 %
Tripson Trail 140 acres of 340 total = 41 %
14
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